Tencent Becomes Market Laggard as China Traders Sell

  • 📰 crypto
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Once a favorite among retail traders, Tencent has seen its fortunes wane as the outlook darkens

has fallen out of favor with mainland Chinese investors burned by volatility and sentiment-driven trading. Getting them back on side may prove elusive.

For the first time since 2021, onshore investors have sold Tencent shares on a net basis for two months in a row, according to Bloomberg’s calculations of exchange data. In July, mainland investors offloaded HK$2.9 billion through trading links between Hong Kong, Shenzhen and Shanghai exchanges.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 292. in BUSİNESS

Business Business Latest News, Business Business Headlines